Siman Povarenkin

Last updated
Siman Victorovich Povarenkin
Born (1969-12-19) December 19, 1969 (age 52)
NationalityArmenian
Alma mater Omsk State University
OccupationOwner of GeoProMining
Website www.geopromining.com

Siman Povarenkin is an Armenian entrepreneur with investments in metals & mining, geophysics and medical and health technology in Asia, Europe and Latin America. Povarenkin graduated from the Omsk State University with a degree in Chemistry and Petroleum Chemicals. In addition, he has completed courses in finance and banking at the Academy of Economics in Moscow, Bank Tutors Institute in Frankfurt, and the Intellectual Fund in Paris. [1]

Contents

Povarenkin has over 15 years of corporate management experience in banking and industrial sectors. Previously he was Chairman of the Board of Industrial Investors Group, FESCO, Russian Industrial Bank and First Vice President, Head of Investment Management Business at Incombank. He served as director of Far Eastern Shipping Company Plc from June 5, 2007 to December 2008. He serves as Non-Executive Director of Saddleback Corporation Ltd. [2]

GeoProMining

One of Povarenkin’s substantial investments was in GeoProMining (GPM), an international gold and copper mining company with operations in Russia and Armenia. [3] He has previously served as Chairman of the Board of GPM, and is currently a member of Board of Directors and the Remuneration Committee. [4]

In 2005, along with business partner at the time Sergey Generalov, he purchased one of the largest mining companies in Georgia, consisting of the Madneuli mine and its subsidiary Quartzite. This was to become the first production asset of GeoProMining. [5] In 2007, the two divided up the assets of their shared investment vehicle Industrial Investors, with Povarenkin becoming the majority shareholder of GeoProMining. He subsequently expanded GPM further, acquiring various mining assets in the Caucasus region. In 2012 the firm sold its assets in Georgia. [6]

GPM Asia

Another mining project of Mr Povarenkin is GPM Asia. [7] GPM Asia is not a part of GeoProMining Group. In 2009 GPM Asia acquired mining and processing operations located in Binh Thuan province in the south-east of Vietnam. [8] Key products are mineral sands - zircon and titanium dioxide minerals in the form of ilmenite, rutile and monazite. Mineral sands produced by GPM Asia are certified by SGS. The company is looking into expanding its operations in the region. [9] [10] [11]

Personal life

Povarenkin has a passion for European and Russian art, which influenced him to purchase the 19th-century chateau in Normandy (France), which was previously owned by Yves Saint Laurent. [12] Povarenkin is also a patron of theatrical arts and currently supports the theatre project Kvartet I [ citation needed ] which is based in Moscow.

He is a noted gastronome with a great interest in foods from around the world, and has studied the culinary arts from regions ranging from Latin America to South East Asia.

Related Research Articles

<span class="mw-page-title-main">Ilmenite</span> Titanium-iron oxide mineral

Ilmenite is a titanium-iron oxide mineral with the idealized formula FeTiO
3
. It is a weakly magnetic black or steel-gray solid. Ilmenite is the most important ore of titanium and the main source of titanium dioxide, which is used in paints, printing inks, fabrics, plastics, paper, sunscreen, food and cosmetics.

<span class="mw-page-title-main">Bình Dương province</span> Province of Vietnam

Bình Dương is a province of Vietnam. It is located in the Southeast region of the country and the Southern Key Economic Zone 2, bordering Bình Phước province to the north, Ho Chi Minh City (HCMC) to the south and southwest, Tây Ninh province to the west, and Đồng Nai province to the east. The province was created from Sông Bé province on 1 January 1997.

<span class="mw-page-title-main">South Central Coast</span> Region of Vietnam

South Central Coast or Nam Trung Bộ is one of the regions of Vietnam. It consists of the independent municipality of Đà Nẵng and seven other provinces. The two southern provinces Ninh Thuận and Bình Thuận are sometimes seen as part of the Southeast region. The Paracel Islands, and Spratly Islands, are also part of this region.

<span class="mw-page-title-main">Korea Development Bank</span> South Korean state-owned enterprise

Korea Development Bank is a wholly state-owned policy development bank in South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development of Korea. As a 61st biggest global bank, KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and provides capital for strategic development projects. Since 2000, it has diversified into investment banking services and operates as a CIB. Nevertheless, it is a major restructuring player and has saved a lot of big companies during major financial crisis, especially in 1997 Asian financial crisis and Financial crisis of 2007–2008.

Titanium mining in Africa has been beset by environmental problems due to the polluting nature of processing rutile, a principal titanium ore. Titanium production in Africa includes the following principal countries and companies.

<span class="mw-page-title-main">Kenmare Resources</span> Irish mining company

Kenmare Resources plc is a publicly traded mining company headquartered in Dublin, Republic of Ireland. Its primary listing is on the London Stock Exchange and it has a secondary listing on Euronext Dublin. Kenmare is one of the world's largest mineral sands producers and the Company owns and operates the Moma Titanium Minerals Mine. Moma is one of the world's largest titanium minerals deposits, located 160 km from the city of Nampula in Mozambique.

<span class="mw-page-title-main">Ruben Vardanyan (politician)</span> Armenian-born Russian entrepreneur

Ruben Karlenovich Vardanyan is a Russian-Armenian politician who has served as the State Minister of Artsakh, an unrecognized state in Western Asia, since November 4, 2022. Prior to his political career, Vardanyan was a businessman and philanthropist. He is the former chief executive officer and shareholder of the Troika Dialog investment bank.

<span class="mw-page-title-main">Iluka Resources</span>

Iluka Resources is an Australian-based resources company, specialising in mineral sands exploration, project development, operations and marketing. Iluka is the largest producer of zircon and titanium dioxide-derived rutile and synthetic rutile globally. Iluka mines heavy mineral sands and separates the concentrate into its individual mineral constituents rutile, ilmenite, and zircon. Some of the ilmenite is then processed into synthetic rutile.

<span class="mw-page-title-main">Andrey Melnichenko (industrialist)</span> Russian industrialist and billionaire

Andrey Igorevich Melnichenko is a Russian billionaire entrepreneur. He is the founder and ex-beneficiary of fertilizer producer EuroChem Group and coal producer SUEK, and was a non-executive director in both companies until 9 March 2022.

JSC RMG Copper (JSCM) is a mining company based in Tbilisi, Georgia. Established in 1975, RMG Copper is currently involved in ore, copper, and gold mining and smelting.

<span class="mw-page-title-main">Macquarie Group</span> Australian investment bank and financial services company

Macquarie Group Limited is an Australian global financial services group. Headquartered and listed in Australia, Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia's top ranked mergers and acquisitions adviser, with more than A$737 billion in assets under management.

<span class="mw-page-title-main">Tuy Phước district</span> District in South Central Coast, Vietnam

Tuy Phước is a rural district (huyện) of Bình Định province in the South Central Coast region of Vietnam. The district capital lies at Tuy Phước. The district has 13 administrative units, including two towns, Diêu Trì and Tuy Phước, and 11 communes: Phước Thắng, Phước Hưng, Phước Hoà, Phước Quang, Phước Sơn, Phước Hiệp, Phước Lộc, Phước Thuận, Phước Nghĩa, Phước An and Phước Thành.

<span class="mw-page-title-main">Mineral industry of Armenia</span>

The mineral industry is one of the main sectors of the Armenian economy and in 2017 accounted for 30.1% of its exports.

<span class="mw-page-title-main">Alexander Nesis</span> Russian businessperson

Alexander Nesis is the founder and the president of the ICT Group, a private equity firm headquartered in Moscow, Russia, which invested mainly in the finance, precious metals and engineering sectors.

Nguyễn Xuân Minh is the Executive Chairman of Techcom Securities, a subsidiary of Techcombank – a leading joint stock bank in Vietnam. Techcom Securities (TCBS) is the leading Wealthtech company and is the largest securities company in Vietnam in terms of profit and brand value. TCBS helps domestic companies raise in aggregate more than U$3 billion per year via Debt and Equity Capital Markets in Vietnam. It also has more than 80% market share in trading of local listed corporate bonds in Vietnam. Consecutively, Techcom Securities was named the Best Bond House in Vietnam for 2007–2016, 2008–2017 and 2009–2018 by Alpha Southeast Asia and the Best Debt Capital Markets House for 2017, 2018 and 2019 in Vietnam by FinanceAsia.

<span class="mw-page-title-main">David Yakobashvili</span> Russian businessman

David Mikhaylovich Yakobashvili is one of the founders of the largest Russian companies – JSC Wimm-Bill-Dann – the manufacturer of dairy products, juices and beverages. In 2001 - 2010 he held the position of the Chairman of the Board of Directors of this company. In 2010 David Yakobashvili together with shareholders sold the biggest Russian food producer Wimm-Bill-Dann (WBD) to US PepsiCo. For his 10.5% stake in the company Yakobashvili received more than US$600m.

The metallurgy industries of Russia make up about 5% of Russia's GDP, about 18% of industrial production and about 14% of exports, as of 2009. The volume of metallurgical production was 1.87 trillion rubles (2009). Investments in fixed assets in metallurgy were 280 billion rubles (2008). The average salary in the metallurgical industry was 23,258 rubles / month.

The Solway Investment Group Limited, Solway Group, or Solway Investment Group, The Solway Investment Group, GmbH, is a private international mining and metals group located in Switzerland. The Group conducts operations in North Macedonia, Ukraine, Indonesia and Guatemala.

ACEN is the listed energy platform of the Ayala Group. The company has ~3,700 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia, with a renewable share of 93%, which is among the highest in the region.

<span class="mw-page-title-main">Becamex IDC</span> Vietnamese state-owned conglomerate

Becamex IDC is a multidisciplinary corporation whose headquarters is located in Bình Dương Province. The corporation also bears the mark of Binh Duong, a key industrial area of the country.

References

  1. "Siman Povarenkin". Industrial Investors Group. Archived from the original on 2008-09-21.
  2. "Siman Povarenkin". Bloomberg Businessweek.
  3. Povarenkin, Siman (2012-11-10). "We are not a license market player; we are an industrial company". ArmInfo.
  4. "Board of Directors". GeoProMining.
  5. "History". GeoProMining.
  6. "Update". GeoProMining.
  7. "GPM Asia website".
  8. "Business in Vietnam. Interview by Evgeny Volosov for Russian International Affairs Council". Russian International Affairs Council website. 2012-12-04.
  9. "GPM Asia plans investments in Vietnam". Archived from the original on 2013-04-21.
  10. "Binh Thuan plans titanium processing zones".
  11. "Vietnam's largest titanium processing park to be built". Archived from the original on 2013-04-21.
  12. "Новыми владельцами поместья Ива Сен-Лорана стали россияне". Lenta.ru.